The cryptocurrency vs. fiat debate is heating up. There are good arguments on both sides but mainly, crypto-naysayers say the industry is far too volatile and risky for their investment. Yet, there are advancements being made with platforms like YouHodler that offer crypto users a safe haven for their investment. With new features like a USDT Savings Account on YouHodler and a weakening fiat market, the crypto vs. fiat debate may finally be coming to a close.
The gold standard, long seen as the world's best safe-haven asset is under attack from an unlikely source. Bitcoin is far outperforming gold as confidence in global markets begins to deteriorate. In early August, Bitcoin was trading at $11,700, resulting in a sixteen percent growth on a monthly basis. Meanwhile, gold added just six percent that month. With tensions between the U.S. and China escalating, global markets are potentially bracing for a recession. Will this lead to Bitcoin and other cryptocurrencies becoming the new safe-haven asset?
Mark Cuban, “investment shark” and owner of the NBA’s Dallas Mavericks recently said that he despises gold as an investment. In an interview on August 9, Cuban said BTC and gold are “both collectibles. The value is based on supply and demand. And the good news about Bitcoin is there’s a finite supply that’ll ever be created.” That is perhaps the only quality in common with BTC and gold in terms of a return on investment, gold will never amount to the results Bitcoin has produced.
But “get rich quick” investments are not the only reason people are flocking to crypto. Many of the industry’s most innovative startups offer a suite of tools for all levels of risk.
For those that want to profit in crypto without the risk, then YouHodler’s USDT Savings Account offers the balance of stability and asset growth. Officially released to the public today, the USDT Savings Account offers users 12% growth. Compared to traditional banks in Europe, that rate is far and above the rest.
Examining some countries in the EU with the best savings rates, Poland leads the pack with 1.77% on average. The numbers get even lower when it comes to German bank giants like Deutsche Bank and Commerzbank, all offering an average rate of just 0.03 percent. With statistics like that, it’s easy to see why people are moving from the centralized, stagnant and often corrupt world of traditional finance to something like crypto with limitless potential.
So if you want to move away from fiat, invest your assets into something stable and profitable. Go to YouHodler.com to see how easy it is to deposit USDT and start earning money today.